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Unformatted text preview: Exchange (ASC) as a public company to gain access to the public markets. 1.17 The appropriate goal of financial managers should be to maximise the current value of the companys share price. Managers decisions affect the share price in many ways as the value of the share is determined by the future cash flows the company can generate. Managers can affect the cash flows by, for example, selecting what products or services to produce, what type of assets to purchase, or what advertising campaign to undertake. 1.22 Business dishonesty and lack of transparency lead to corruption, which in turn creates inefficiencies in an economy, inhibits the growth of capital markets, and slows the rate of economic growth....
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This note was uploaded on 05/19/2011 for the course ECON 203 taught by Professor Martin during the Three '10 term at University of Melbourne.
- Three '10